Shareholders' equity Share capital $10 convertible preferred shares. 10,000 shares authorized, 5000 shares issued $610000 Common shares, no par value. 200,000 shares authorized, 100000 shares issued 1600000 Total share capital 2210000 Retained earnings 446000 Total shareholders' equity $2656000 If 420 preferred shares are converted into common shares what is the dollar value of the common shares issued? O $50000 O $10619 O $6720 O $51240